Markets: I Am Not Short U.S. Treasuries

I am not short U.S. Treasuries but I am short the U.S. Dollar. I am long foreign assets, I am long foreign stocks, I am long gold stocks. Look how much gold stocks are up this year. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares MSCI Emerging Markets Index ETF (EEM))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Fed Will Have To Go Back To Zero Interest Rates

When the Federal Reserve has to go back to zero interest rates, when they have to launch QE (quantitative easing program), when they maybe have to go negative interest rates, people will realize that none of this worked!

Exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

America Is More Bankrupted Than Puerto Rico

Its all about perception. Puerto Rico is broke, we all know that. But it was broke 2 years ago, it was broke 3 years ago. Why did not anybody care? Creditors kept lending the money even though they were broke. Well, eventually people wake up and they realize that a debtor is broke. America is more bankrupted than Puerto Rico, our creditors have not figured out yet. We might not default but we will print.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.